Housing Wire

APRIL 22, 2024

We negotiated to get the sellers the highest price possible. Even if you’re months or even years away from moving, a seller’s prep session is one of the services I offer homeowners. Many of us are in sellers’ markets with very low inventory. Inventory is extremely low, and the competition is fierce.

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Cleveland Appraisal Blog

JANUARY 5, 2023

While we still have a significant shortage of housing inventory in Cuyahoga County, we had more active listings last month than we had in December 2020 and 2021. Interestingly, the number of active listings has dropped every year since at least 2013. How much of their list price can sellers expect to see in future months?

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Lamacchia Realty

JANUARY 30, 2024

This scarcity in inventory had the effect of keeping prices high, but there was a substantial decrease in sales, approximately 19%, leaving prospective buyers eager. This resilience is more attributable to the reduction in inventory rather than a decline in sales. Maine Sales Decreased by 18.9%

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Housing Wire

APRIL 11, 2022

Given the current housing inventory crisis, it might surprise people to realize this: we built too many homes during the housing bubble years. Yes, but this is where my work is much different from other housing economists and why we need to think of inventory in a new, modern 21st-century mindset. Wait, what?

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Housing Wire

OCTOBER 2, 2020

Like other mortgage firms, California-based AmeriHome has captured a glut of business over the last year due to low interest rates and paltry inventory. ” AmeriHome, founded in 2013, operates correspondent and consumer direct channels , and also sports a related servicing division.

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Housing Wire

MAY 26, 2022

It’s an excellent time to discuss housing inventory. How can housing inventory be so low today when it skyrocketed back in 2009? As you can see below, the inventory keeps falling from 2014 levels, and even with the weakness in demand this year, we are nowhere close to 2013 levels, let alone 2018 levels. housing market.

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Lamacchia Realty

MARCH 24, 2022

Shorter time frames aside, the 1.56% over 3 months is a bigger move than any 3 month window in 2013, and 1.94% over 7.5 What does this mean for sellers? The impact may eventually diminish rising list prices as sellers become aware of buyers’ predicament with current rates. Seller Resources. Mortgage News Daily.

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Housing Wire

MARCH 29, 2022

Given the current housing inventory crisis, it might surprise people to realize this: we built too many homes during the housing bubble years. Yes, but this is where my work is much different from other housing economists and why we need to think of inventory in a new, modern 21st-century mindset. Wait, what?

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Birmingham Appraisal

FEBRUARY 13, 2024

Understanding these metrics enables agents to adjust pricing strategies based on inventory levels and buyer demand, optimizing the chances of selling a property quickly and at the best possible price. In the second post of my series , we covered average and median sold prices, average days on the market, and months of inventory.

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Housing Wire

OCTOBER 15, 2020

That competition helped lift average price execution (winning bid as percentage of seller reserve) for vacant REOs to 104.8% Seeking new inventory sources. If you had asked me about gentrification in Newark in 2012 and 2013, I would have told you I’m not worried about gentrification; we just need to get properties re-occupied.

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Housing Wire

FEBRUARY 29, 2024

Bureau of Labor Statistics from 2013 to 2023. And, as both builders and home sellers become more cautious and keep to the sidelines to try to insulate themselves from the negative effects of rising rates and financial uncertainty, their withdrawal might negatively affect supply and affordability in the near future.”

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On Q Financial

FEBRUARY 22, 2021

The market shifts seasonally, and inventory is constantly fluctuating. For example, inventory is typically higher in the summer than in winter, but prices may be higher at the beginning of summer vs. the end. Also, consider that winter is also a time of lower housing inventory. Time of Year.

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Housing Wire

MARCH 23, 2022

Second, because of the downtrend in inventory since 2014 and the demand pick-up we will see in the years 2020-2024, we had a risk of home prices accelerating too much. They’re mindful of higher rates because in 2013, 2014 and 2015 they had to deal with a miss in sales expectations. First, total home sales should be 6.2

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Housing Wire

JANUARY 5, 2023

The 2022 housing market was savagely unhealthy , with all-time lows in inventory leading to massive bidding wars and price spikes until the Fed put a screeching halt to all of it with rate hikes that resulted in the most significant one-year spike in mortgage rate history. From 2013 to 2022 I forecasted price growth every year.

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Housing Wire

APRIL 15, 2022

The home-price growth from 2020 through 2022 has been so unhealthy that I’ve labeled this a savagely unhealthy housing market as inventory has once again collapsed on a year-over-year basis in 2022. Inventory is still showing negative year-over-year data. The last time this data line was fragile was back in 2013-2014.

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Housing Wire

MARCH 8, 2024

Real estate agents in the leafy suburbs of Bergen County, New Jersey say the current housing market — with historically low inventory and record-high prices — is actually more challenging than the multiple offer chaos they sweated through during the pandemic. “At Altos considers any score above 30 to be a seller’s market.

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Housing Wire

FEBRUARY 23, 2021

Rates have slowly climbed back towards 3% in the past few months, but inventory is still low , keeping prices high. Finally, lumber and other building materials are still scarce, forcing construction companies to delay projects and prevent an inventory build-up. December 2020’s 10.4% ” The post Home prices soared 10.4%

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Housing Wire

OCTOBER 21, 2022

year-over-year decline in existing home sales in September and total inventory has now fallen on back-to-back reports. Earlier in the year, I labeled this a savagely unhealthy housing market based on the premise that Inventory would break to all-time lows, creating forced bidding and causing days on the market to collapse.

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Housing Wire

MARCH 18, 2021

Home prices have skyrocketed in the past year, and data from Redfin backs up what buyers, sellers, and agents have known for months. year-over-year to $336,200 in February – the largest increase since July 2013, according to the latest report from Redfin. The national average of home prices rose 14.4%

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Appraisal Today

DECEMBER 8, 2023

In Sacramento, Invitation Homes went on a rampage in 2012 and 2013, and purchased more steadily in subsequent years. High rates have forced some sellers to lower their asking price to make up for high interest rates on monthly payments. Sellers “had to sell” typically because of a job loss, divorce, or other personal reason. =

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Will Springer Realtor

AUGUST 11, 2023

First, let’s set the scene: Housing inventory is shrinking year to year in most parts of the country and there are no signs of significant replenishment over the horizon. building permits were granted in Seattle between 2013 and 2022, with 85K of them for multi-family construction. And the sellers don’t disagree. bath , 3560 sq.

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Will Springer Realtor

APRIL 11, 2022

Parking stalls in the Puget Sound region increased by 13% from 2013 to 2018, while the population increased by 9% and housing rose by only 6%, according to local data sources. This year’s buying and selling campaign will be marked by increasing inventory (good!), overall, where housing inventory rose 2.4% months in King, 1.0

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Housing Wire

AUGUST 23, 2022

The builders are in a better position to manage their inventory glut than when they were working from a credit boom in 2005 that took new home sales up to 1.4 The builders are in a better position to manage their inventory glut than when they were working from a credit boom in 2005 that took new home sales up to 1.4

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Appraisal Today

OCTOBER 14, 2022

Excerpts: Completed in 2013, the 50,738-square-foot compound has six bedrooms, 8.5 I’m always looking for something new ;> Nearly Two-Thirds of Homebuyers and Sellers Are Hesitant to Move Somewhere With Climate Risk. Inventory levels have an impact on property valuation, at least in the short term. 156-acre site.

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Will Springer Realtor

MARCH 14, 2022

Without their spirit to rebuild, our thinning housing inventory would be more dire than it is today. Last year’s gain in ROI – up more than 11 percentage points – was the biggest annual increase since 2013. >> Condo inventory is not much better. After all, they need the most guidance in a challenging sellers’ market.

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Housing Wire

APRIL 5, 2021

While the position of the Fund has strengthened in recent years and continues to do so largely as the result of a robust housing market driven by low inventory, low interest rates, and solid home-price appreciation, there are many reasons to proceed cautiously and to continue to prepare for the unexpected. Treasury in 2013.

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